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A bipartisan group of lawmakers reintroduced Thursday legislation to shore up the Social Security and Medicare Trust Funds. The Time to Rescue United States Trusts, or TRUST Act, would establish bipartisan, bicameral commissions to address the long-term solvency of major trust funds. It was reintroduced Thursday by Sens. Mitt Romney, R-Utah; Joe Manchin, D-WV; and Angus King, I-Maine and Reps. Mike Gallagher, R-Wis.; Ed Case, D-Hawaii; and Scott Peters, D-Calif.

“There is broad recognition that we need to address the looming insolvency of our federal trust funds,” said Senator Romney in a statement.  “Congress must respond in a way which will address this long-term problem, which is coming down the pike much sooner than was expected. Our TRUST Act is a bipartisan solution which will shore up our federal trust funds and put us on a path toward a stronger fiscal future.”

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